The Federal Government and the Queensland Government have both earmarked funds in their recent budgets to encourage investment in startups and innovative businesses.
The Federal Government has committed $7.8 million in the Budget to remove obstacles for crowd sourced equity funding in Australia. At a more local level, the Queensland State Government will implement a $40 million Business Development Fund for emerging and innovative Queensland businesses to provide startup capital on a matching basis with private sector co-investors.
Partner Michelle Eastwell discusses these new equity funding options and how emerging and innovative business may benefit from them on BRR Media.
Award-winning law firm HopgoodGanim offers commercially-focused advice, coupled with reliable and responsive service, to clients throughout Australia and across international borders.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
